Systematic Investment Plan (SIP)

• Easy on pockets – Investment through a SIP is possible with small amounts. You can start investing through a SIP with amount as low as Rs 500 per month or in case of certain schemes with Rs 100 per month.
• Disciplined approach in investing - SIPs inculcate saving habit & discipline in investments by making you invest on a regular basis.
• Do away with the need to time the market - By investing through a SIP, you do away with the worry of timing the market. Timing the market means looking at the right / lower level of market to start investing.
• Benefit from power of compounding over long term - With smaller amounts to invest through SIPs, you can start investing early. This gives the invested amount more time in the market which increases the probability of higher returns

There is no time like NOW to start investing. The earlier you start investing, the better it is. This gives the invested money more time in the market, thereby increasing the growth potential of your investments.

You can start investing through a SIP with amount as low as Rs 500 per month or in case of certain schemes with Rs 100 per month.

SIP allows you to invest a pre-specified amount in a scheme at periodic intervals. So whenever the market moves down and Net Asset Value (NAV) of the scheme decreases, you end up buying more units of the scheme. If the market moves up, Net Asset Value (NAV) of the scheme increases and you will get less units of the scheme. Hence the average cost of purchase works out lesser.

• SIP Step Up (SIP Top up): Automatically increase your SIP amount on periodic basis
• SIP Pause: Allows to take a break from your investment to meet financial exigencies
• Period Till Cancellation (Perpetual SIP): Set up a perpetual SIP and forget the hassle of tracking expiry dates
• Auto-renewal of SIP: Option to auto-renew SIPs post completion of selected period
• SIP Modification: Flexibility to modify Trigger date, Frequency, Period & investment amount online with a few clicks
• Any Date SIP: Option to start SIP on any date between 1st to 28th of a month in schemes of select AMCs
• Multiple payment modes: Investment can be done through linked ICICI Bank account, Mandate & UPI

Please login to Mutual Funds section of our website and click on Purchase. On the Place order page, you can select schemes from our Research recommended schemes/ select scheme yourself (from Quick Search). After selecting the scheme, click on SIP near the name of scheme and provide necessary information in the subsequent pages to start a SIP in the scheme.

To view the details of your ongoing SIP, visit the SIP Book of the Mutual Fund section of your ICICIdirect trading account.

• Regular SIP – It is the simplest type of SIP to opt for. You can make SIP contributions periodically for a fixed tenure. Once the SIP contribution amount is set you cannot change it.
• Flexible SIP – As the name suggests, this SIP type offers more investment flexibility. You can supplement or alert the SIP contribution amount whenever you need to. This allows you to adjust your investment as per your changing financial capacity.
• Perpetual SIP – If you do not have a fixed investment tenure in mind, opt for perpetual SIP. The contribution continues as long as you can make them.
• Trigger SIP – Trigger SIP allows you to start your SIP when a specific market situation. For instance, you can start making SIP contributions when a stock or market index attains a certain value.

The minimum amount to start a SIP varies depending on the scheme and the fund house you are investing in. Reach out to your fund House for more specific information. Generally, you can start a SIP with as little as Rs 500 while there is no upper limit to the SIP contributions you can make.

If you are in a financial crunch situation and can no longer afford to make SIP contributions, you need not close your investment altogether, you can simply pause it. Almost every fund house gives the option to pause SIP contributions for a certain time period. Investors can opt for it and keep their investments intact.

Due to any given reasons if you miss out on making a SIP instalment, no penalty will be charged. However, if you miss three consecutive instalments the fund house may cancel your SIP.

Once the SIP contribution period is complete you can redeem your investment. In case you have invested in a fund like ELSS you need to wait for all your units to mature and then redeem them. Alternatively, you can renew your SIP and continue to stay invested in the fund.

Net Asset Value (NAV) is the total market value of the units held in your portfolio. The NAV is subject to change. When you make a SIP contribution the new units are purchased at the prevailing NAV.